Energy Jobs Act would be positive step for North Carolina

Source: Piedmont Natural Gas

Piedmont Natural Gas (NYSE:PNY) expressed support for new energy legislation that was introduced in the North Carolina Senate. Piedmont's Chairman, President, and Chief Executive Officer, Thomas E. Skains said t that the "Energy Jobs Act" is a positive step that would help the state of North Carolina meet its growing demand for clean energy while fostering job creation and sustainable economic development. 

"This legislation represents a comprehensive and responsible approach to the development and production of our onshore and offshore energy resources here in North Carolina. Importantly, it recognizes the role that natural gas can play to meet our state's growing energy needs, reduce greenhouse gas emissions, promote job creation and economic development, and enhance the state's revenue through royalty sharing associated with natural gas development and production activities. This legislation would be a very positive step for North Carolina." 

Mr. Skains went on to say, "Natural gas is an abundant domestic energy resource. The development and production of our state's natural resources will further enhance our nation's energy security and help keep energy costs affordable for consumers."

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